Is Better Blend entitled to attend and participate in any meeting of a Market Cooperative?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
BBF may establish market advertising and promotional cooperative funds ("Market Cooperative") in any geographical areas.
If a Market Cooperative for the geographic area encompassing the Location has been established at the time Franchisee commences operations hereunder, Franchisee shall immediately become a member of such Market Cooperative.
If a Market Cooperative for the geographic area encompassing the Location is established during the term of this Agreement, Franchisee shall become a member of such Market Cooperative within 30 days of notice from BBF.
BBF shall not require Franchisee to be a member of more than one Market Cooperative.
If BBF establishes a Market Cooperative:
- (a) Governance.
Each Market Cooperative will be organized and governed in a form and manner, and shall commence operations on a date, determined by BBF.
BBF may require the Market Cooperative to adopt bylaws or regulations prepared by BBF.
Unless otherwise specified by BBF, the activities carried on by each Market Cooperative shall be decided by a majority vote of its members.
BBF will be entitled to attend and participate in any meeting of a Market Cooperative.
Any Better Blend business owned by BBF in the Market Cooperative shall have the same voting rights as those owned by its franchisees.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Better Blend is entitled to attend and participate in any meeting of a Market Cooperative. The document states that Better Blend may establish market advertising and promotional cooperative funds in any geographical areas.
If a Market Cooperative is already established when the franchisee commences operations, the franchisee must immediately become a member. If a Market Cooperative is established during the term of the Franchise Agreement, the franchisee must become a member within 30 days of notice from Better Blend. However, Better Blend will not require a franchisee to be a member of more than one Market Cooperative.
Each Market Cooperative will be organized and governed in a form and manner, and shall commence operations on a date, determined by Better Blend. Better Blend may require the Market Cooperative to adopt bylaws or regulations prepared by Better Blend. Unless otherwise specified by Better Blend, the activities carried on by each Market Cooperative shall be decided by a majority vote of its members. Any Better Blend business owned by Better Blend in the Market Cooperative shall have the same voting rights as those owned by its franchisees.